Domestic air passenger traffic grew 15 per cent year-on-year to around 129 lakh in December 2022 but remained 1 per cent lower than the pre-pandemic level (December 2019), rating agency Icra said on Thursday. Icra has also maintained a 'Negative' outlook on the Indian aviation industry. In the April-December period of the current fiscal, domestic passenger traffic is estimated at around 986 lakh, registering around 63 per cent year-on-year growth and lower by approximately 9 per cent compared to April-December 2019 (pre-COVID levels), it said. At the same time, the airlines deployed slightly higher capacity (less than 1 per cent) in the previous month over the year-ago period, the rating agency said, adding that it, however, was lower by around 7 per cent than the pre-COVID levels. According to Icra, the domestic aviation industry operated at an estimated passenger load factor of around 91 per cent in December 2022 against approximately 80 per cent in December 2021 and about 88 per
India's air passenger volume will reach the pre-Covid levels at 329-332 million this fiscal with June traffic already at 79 per cent of the levels seen before the outbreak of the pandemic
Airlines saw a sharp rebound in traffic with the decline of Covid cases and easing of restrictions
But the grim reality is that the average daily passengers for June from the second week is still around 40 per cent of the levels reached in March when it rose to 313,000 passengers a day
Rise in passenger uptake expected to be swifter than it was after 1st wave
With the rise in the cases across metros, new restrictions cannot be ruled out that could further impact the traffic movement, ICRA said.
India's domestic passenger traffic slipped to a 10-year low at an estimated 53.4 million in the just-concluded financial year, a report said.
On a calendar year basis, the domestic air traffic grew only 3.86 per cent in the January-November period of this year
The domestic traffic data in the April-September period, during which the passenger volume grew a mere 2 per cent, also reflects this estimate, rating agency said in its aviation outlook note.
The overall global passenger traffic (domestic and international), however, rose by 5 per cent compared to June 2018
With India emerging as the third largest aviation market, air passenger traffic growth has been in the range of 18-20 per cent over the past three years
The total domestic air passenger traffic had risen to 10.7 million in February
Domestic air traffic grew by 16.5% in Sept with an average passenger load factor of 84.5%